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Microcap & Penny Stocks : Tokyo Joe's Cafe / Anything goes -- Ignore unavailable to you. Want to Upgrade?

To: Big Dog who wrote (24273)	6/7/1998 2:46:00 PM
From: H-Man	Respond to of 34592

Agree with that. Three a month implies short term view.

To: Big Dog who wrote (24273)	6/7/1998 8:27:00 PM
From: lightfoot	Read Replies (1) \| Respond to of 34592

How about 3 stocks but arrange picks by the size of the float, timing of the company, and length of time for holding. Then buy in small waves on the dips caused by daytraders who will follow the volume.

To: Big Dog who wrote (24273)	6/7/1998 11:10:00 PM
From: Dave Gore	Read Replies (1) \| Respond to of 34592

BG...if our goal is to 100% hold all stocks for the long term, like GaBard is doing with MIDL, then I agree. One focus stock may be all we can do per month. However, I would think it more feasible to allocate 30-50% of our portfolio to our favorite "home run stock", reserving funds to buy significant dips. One of the things we will have to decide is whether we want to buy SOME stocks that we can get a 2x - 10x return on and then SELL if we can get that, in some reasonable way. In other words, we could have 2 types of stocks: the long term, home run stock...we never sell for x months the intermediate target stock... we sell when or if we reach a target. Where does a stock like MIDL fit? It recently ran quickly up 350% in price? Do you take a quick triple on it when you know that it is not ready to be a home run yet and will fall back? ANYWAY, please think about joining us and becoming one of the co-organizers. There will be no official leaders. PM me in interested. DAVE